Kazakhstan imported 167 863 previously owned cars from July 2010 to July 2011

For the period of mild customs duty on previously owned cars imported for personal use from July 1,2010 to July 1, 2011 Kazakhstan’s citizens have imported a total of 167 863 previously owned vehicles, "Interfax Kazkahstan" reports, citing the Press Service of the Finance Ministry Customs Control Committee. Customs duties for the cars totaled $308 000. 48 518 cars were imported from July to December 2010, with another 119 345 following from January to July 2011. The biggest number of cars (38 737) were imported in June 2011. The last days of June customs services in Kazakhstan were working round the clock to make sure all the cars imported before July 2011 clear the customs at the mild customs duty rate. Starting from July 1, 2011 customs duties on foreign vehicles imported to Kazakhstani will be levied in accordance with duty rates accepted in the Customs Union of Kazakhstan, Russia and Belarus. For previously-owned vehicles of 5 years old and older, the duty rate will be Euro 4 per cubic centimeter for engines of 1800-3000 cubic centimeters. Consequently, customs duty on an engine of 3000 cubic centimeters will make up Euro 12 000, with VAT standing at 12%. For cars of 5 years old and older with an engine of over 3000 cubic centimeters, the duty rate will stand at Euro 5.8 per cubic centimeter. Consequently, customs duty on an engine of 4000 cubic centimeters will make up Euro 23 000, with VAT standing at 12%. Before July 1, customs duties made up Euro 0.35-0.6 per cubic centimeters, depending on the engine.